Sofia-based Tiger Technology raises €8.7 million to advance always-on hybrid cloud data infrastructure
Tiger Technology, a Sofia-based file data services company that specialises in on-premises-first hybrid cloud workflows, today announced the initial closing of a €8.7 million ($10 million) Series A financing round.
The round was led by TCEE Fund IV, advised by 3TS Capital Partners, with participation from TDJ, Endeavor Catalyst, Impetus, and existing investors including MFG Invest and Dimitar Ratchev.
“This investment is an important validation of the technology, customer trust and international business our team has built. It gives us the resources to accelerate our global expansion, amplify our partnerships with leading cloud and technology platforms, and bring Tiger Technology’s always-on, AI-ready data infrastructure to many more companies operating in mission-critical environments,” said Iravan Hira, CEO, Tiger Technology.
Founded in 2004 by Alexander Lefterov, Tiger Technology empowers organisations running mission-critical operations to unlock the full value of their unstructured enterprise data. The company states that it is built for enterprises that cannot afford downtime, and it continuously places, protects, and activates data across on-premises, cloud, and edge environments, running seamlessly on top of existing infrastructure.
According to the company, currently, over 40% of enterprise data is still stored on-premises, 80% is unstructured, and over half of it is “dark”, which means it is stored but never analysed or used.
The company notes that these gaps cost organisations millions annually and quietly stall the AI initiatives that depend on data most companies can’t yet see or activate. It highlights that the global hybrid storage market is projected to reach $29.3 billion by 2030, driven by the collision of exploding volumes of unstructured data with enterprise AI adoption that needs data to be usable, not just stored.
Tiger Technology claims that it operates in the mission-critical segment, where performance degradation is itself considered a failure. Its flagship solution, Tiger Bridge, installs on top of customers’ existing cloud and on-premise storage environments as a powerful control layer, continuously giving users and applications consistent and transparent data access.
This enables organisations to place, protect, and activate data for AI and other modern applications without replacing existing infrastructure or disrupting operations, says the Bulgarian company.
“Many years ago, we made a bet that felt contrarian at the time. The industry was drawing a hard line between ‘cloud’ and ‘on-premises’ – as if enterprises would eventually have to pick one and abandon the other. We didn’t believe that. We believed the real need was a transparent bridge between the two: seamless, efficient, and invisible to the workflows that depend on it. Adoption of AI, always-on data access and an increasing threat landscape are significant drivers for our solutions and our growth,” said Alexander Lefterov, founder and CTO, Tiger Technology.
Tiger Technology reports that it manages over 100 petabytes of data for some of the largest and most demanding transportation, media, construction and government customers in the world.
It also states that recent client results include a 10x increase in file-restore speed during a multi-petabyte cloud migration, on-premises storage reductions of up to 90%, and unlocking 10 years’ worth of historical data for AI analysis.
“Tiger Technology stood out through a combination of unique technical breakthroughs in petabyte-level hybrid storage, mission-critical customer deployments, and a clear market opportunity driven by AI adoption, data security and sovereignty. The company has built a highly differentiated platform that enables enterprises to modernise their data infrastructure while preserving existing investments. As organisations accelerate cloud adoption and AI initiatives, Tiger Technology is exceptionally well positioned to scale globally,” said Sever Totia, Partner at 3TS Capital Partners.
The company plans to use this capital to support its global growth strategy, deepen its presence in the US, Europe, and the Middle East, accelerate innovation in its product portfolio, and expand its sales and partner ecosystem.
